Weekly Market Report From 13th to 17th Feb 2023
Markets back in 17,800-18,200 range; Global cues will remain in focus Equity markets continued to remain volatile during the week as caution prevailed in the later part of the week, after a fresh slate of U.S. economic data, which increased bets that the Federal Reserve would keep interest rates higher for longer. US CPI came in at 6.4 pct YoY for January, a bit higher than the 6.2 pct...
Market Morning Notes For 20th February 2023
Markets triggered the change in short-term trends after Nifty breached short-term support of 17,970 on Friday, thus activating a reversal with Bearish Pennant. The immediate reaction of Bearish Pennant should force prices to the lower end of the channel which is placed at 17,828 and below which, we may see a steep slide towards 16,800 in the near term. We expect Bank Nifty to test...
Market Morning Notes For 17th February 2023
Markets cooled off from the day’s high to finally settle with marginal gains after 50 DMA acted as a major hindrance to recent recovery. The formation of Bearish Pennant may take its course once Nifty 50 breaches the support of 17970 with immediate reaction expected towards 17783, which turns out to be the support leg of Pennant. The recent drop in US Jobless claims has raised...
Market Morning Notes For 16th February 2023
Markets on Wednesday recouped early losses and finally closed above 18,000 on back gains contributed from the non-financial segment with Reliance Industries leading from the front but volumes remained tepid. In fact, after yesterday’s up move, Nifty has moved towards crucial resistance of 50 DMA placed at 18,057 with the formation of Bearish Pennant. For Nifty to come out of a...
A Complete Guide to Market-Linked Debentures
Over the past few years, market-linked debentures have been gaining much popularity in India against their counterparts. These structured products come with unique features and various benefits available to investors. However, the concept of these debentures is yet unclear. The Indian debt market has been showing great interest in these debentures and thus it becomes crucial to understand the...
Market Morning Notes For 15th February 2023
Markets surged on low volumes on Tuesday with Nifty gaining around 1% on the back of positive global cues to close above 17900 while the breadth of the market remained negative. As the weekly pattern last week has turned out to be inside the bar, the upside breakout would be confirmed only on a weekly close above 17972 else we may see Nifty moving lower towards 17000. The lower...
NPS Tax Benefits As Per The New Tax Regime And Old Tax Regime
Following the Budget 2023, there has been some confusion regarding the tax benefits of the National Pension System (NPS) under both the new tax regime and the old tax regime. This is largely due to the government’s emphasis on promoting the new tax regime over the old one. To clear up this confusion, let’s take a closer look at the NPS tax benefits in both regimes. Everyone...
Market Morning Notes For 14th February 2023
Markets remained under pressure due to Adani news flow with broader markets significantly underperforming key indices as Nifty closed below 17800. We expect selling pressure to intensify further with expect an immediate target for Nifty below 17000. The India VIX jumped sharply from key support of 12.7 in yesterday’s trade to post a short-term reversal of the Bullish Engulfing line...
Weekly Market Report From 06th to 10th Feb 2023
Markets remain rangebound; Global cues, Adani news will remain in focus Markets remained rangebound and ended on a flat note for the week while broader markets outperformed. On the expected lines, the Reserve Bank of India (RBI) raised the key policy repo rate by 25 bps and said it remained focused on the withdrawal of accommodation. The U.S. Fed said 2023 would be a year of...